Orange to extend stake in China
ORANGE Business Services, the business communications subsidiary of France Telecom Group, said China is the fastest growing regional market in Asia and it will bring great-volume investment into the country.
OBS’ customers come from two segments: multinational companies in China and home-grown firms which want to expand globally, said Yee May Leong, OBS’ senior vice president of Asia Pacific.
“Our strategy focuses on the emerging markets (this year) as China and India,” Leong told Shanghai Daily from the sideline of the Women’s Forum in Asia in Shanghai.
China is the company’s third biggest regional market in Asia Pacific.
“China will finally outrank the leaders (like Australia) and it will come very soon, I think,” Leong said.
Leong declined to reveal the detailed investment plan in China but she confirmed the company will invest a lot in the country in future.
OBS has expanded into about 200 tier-two and tier-three cities in China through cooperation with domestic carriers like China Telecom, covering Dongguan, Dalian, Guangzhou, Shenzhen and Xiamen.
OBS has 2,000 multinational clients in Asia Pacific, including Airbus China and port and finance clients based in Shanghai.